CIGI’s  International  Law  Research  Program  presents      

 Tangled!  Is  the  International  Law  of  Investment  Framework  getting  more  complex  and  fragmented  or  are  discussions  at  the  WTO  progress  toward  multilateralization?  

Monday  December  11,  2017  9:30  –  11:00  

CCK  Cultural  Centre  Rm.402,  Sarmiento  151,  CABA,  C1041AAE,  Argentina  Room  402  

 Fragmentation  of  the  international  law  of  investment  has  been  a  constant  source  of  concern.  There  are  currently   over   2,600   international   investment   agreements   (IIAs)   in   force.   There   are   also   two   WTO  Agreements  that  regulate  certain  aspects  of  international  investment,  the  Agreement  on  Trade  Related  Investment  Measures  (TRIMS)  and  the  General  Agreement  on  Trade  in  Services  (GATS),  and  discussions  are   currently   underway   regarding   a   potential   investment   facilitation   agreement   within   the   WTO  framework.  Work  on  investment  facilitation  is  also  been  conducted  at  the  international  level  by  UNCTAD  and   the  OECD,  within   the  G20  and   certain   countries,   such  as  Brazil,   are  pursuing  bilateral   investment  facilitation  initiatives.  

 The  great  majority  of  IIAs  provide  for  investor-­‐State  dispute  settlement  (ISDS)  and  have  given  rise  to  more  than  800   investor-­‐State  arbitrations.  The  European  Union  has  agreed  with  Canada  and  Vietnam  to  the  establishment   of   standing   investment   tribunals   in   lieu   of   arbitration   in   their   respective   economic  cooperation  and  free  trade  agreements,  and  it  is  currently  pursuing  the  establishment  of  a  multilateral  investment  court.  

 What  can  be  done  to  preserve  coherence  in  international  investment  rules?  Is  there  a  role  for  WTO,  or  do  current  efforts  in  the  WTO  only  contribute  to  complexity  and  fragmentation?  Are  there  alternatives?  

Invited  Panelists    

Rohinton  Medhora  (Introduction)  Rohinton  P.  Medhora  is  president  of  the  Centre  for  International  Governance  Innovation   (CIGI),   joining   in  2012.  He   served  on  CIGI's   former   International  Board  of  Governors  from  2009  to  2014.  Previously,  he  was  vice  president  of  programs  at  Canada’s  International  Development  Research  Centre.  Rohinton  received  his  doctorate  in  economics  in  1988  from  the  University  of  Toronto,  where  he  also  subsequently  taught  for  a  number  of  years.  In  addition  to  his  Ph.D.,  Rohinton  earned  his  B.A.  and  M.A.  at  the  University  of  Toronto,  where  he   majored   in   economics.   His   fields   of   expertise   are   monetary   and   trade  policy,  international  economic  relations,  aid  effectiveness  and  development  

economics.  Rohinton  serves  on  the  boards  of  the  Institute  for  New  Economic  Thinking,  the  Partnership  for  African  Social  and  Governance  Research  and  the  Balsillie  School  of   International  Affairs  and  on  the  advisory  boards  of  the  McLuhan  Centre  at  the  University  of  Toronto  and  the  WTO  Chairs  Program.  

 Oonagh  Fitzgerald  (Moderator)  

As  director  of  CIGI’s  International  Law  Research  Program,  Oonagh  Fitzgerald  established   and   oversees   CIGI’s   international   law   research   agenda,   which  includes   policy   relevant   research   on   issues   of   international   economic   law,  environmental  law,  intellectual  property  law  and  innovation,  and  Indigenous  law.   She   has   extensive   experience   as   a   senior   executive   in   the   federal  government,   providing   legal   policy,   advisory   and   litigation   services,   and  strategic  leadership  in  international  law,  national  security,  public  law,  human  rights  and  governance.  As  national  security  coordinator  for  the  Department  of  Justice  Canada  from  2011  to  2014,  Oonagh  ensured  strategic  leadership  and  

integration  of  the  department’s  policy,  advisory  and  litigation  work  related  to  national  security.  From  2007  to  2011,  she  served  as  the  Department  of  National  Defence  and  Canadian  Forces  legal  adviser,  leading  a  large,   full-­‐service   corporate   counsel   team   for   this   globally   engaged,   combined   military   and   civilian  institution.   Before   this,   Oonagh   served   as   acting   chief   legal   counsel   for   the   Public   Law   Sector   of   the  Department  of  Justice  and  special  adviser  for  International  Law.  

 James  Bacchus  

 

 

 James  Bacchus  is  the  Distinguished  University  Professor  of  Global  Affairs  and  Director  of  the  Center  for  Global  Economic  and  Environmental  Opportunity  at  the   University   of   Central   Florida,   and   a   Global   Fellow   of   the   Centre   for  International  Governance   Innovation   in  Canada.  He  was  a   founder  and  was  twice  Chairman  of  the  Appellate  Body  of  the  World  Trade  Organization.  He  is  a  former  Member  of  the  Congress  of  the  United  States  and  a  former  US  trade  negotiator.  He  served  on  the  High-­‐Level  Advisory  Panel  to  the  Conference  of  Parties  of  the  United  Nations  Framework  Convention  on  Climate  Change.  He  chairs   the   global   Commission   on   Trade   and   Investment   Policy   of   the  

International  Chamber  of  Commerce,  has  chaired  the  global  sustainability  council  of  the  World  Economic  Forum,   and   is   on   the   board   of   directors   of   the   International   Center   for   Trade   and   Sustainable  Development.  He  is  the  author  of  the  book  Trade  and  Freedom.  

       

     Hugo  Perezcano  Diaz    

 

 Hugo  Perezcano  Díaz   is   the  deputy  director  of   International   Economic   Law  with  the  International  Law  Research  Program  (ILRP),  and  was  previously  a  CIGI  senior   fellow  with   the   ILRP.   Prior   to   joining   CIGI,   he   was   an   attorney   and  international   trade   consultant   in   private   practice.   Hugo   worked   for   the  Mexican  government’s  Ministry  of  Economy   for  nearly  20  years,   serving  as  head   of   the   trade   remedy   authority,   and   formerly   as   general   counsel   for  international   trade   negotiations.   Hugo   was   lead   counsel   for   Mexico   in  investor-­‐state  dispute  settlement  cases  under  the  North  American  Free  Trade  Agreement  (NAFTA)  and  other  international  investment  agreements.  He  also  

worked  on  dispute   settlement   cases  between   states,   conducted  under   trade   agreements   that   include  NAFTA  and  the  World  Trade  Organization  agreement.  Hugo’s  expertise  is  in  international  law,  economic  law,  international  trade  law  and  negotiations,  and  international  investment  law.  

 

Joost  Pauwelyn  Joost   Pauwelyn   is   Professor   of   International   Law   at   the   Graduate   Institute   of  International   and   Development   Studies   in   Geneva.     He   is   also   the   Murase  Visiting   Professor   of   Law   at   Georgetown   Law   Center,   President   of  www.tradelab.org   and   Co-­‐Editor   in   Chief   of   the   Journal   of   International  Economic   Law.   Before   joining   the   Graduate   Institute,   Joost   was   a   tenured  professor  at  Duke  Law  School,   served  as   legal  officer  at   the  WTO   (1996-­‐2002)  and  practiced  law  at  a  major  Brussels  law  firm.    Joost  advises  governments  and  non-­‐state  actors   in  dispute  settlement  under   the  WTO  and  FTAs  and   investor-­‐state  arbitration.    From  2007  to  2014  he  was  Senior  Advisor  with  the  law  firm  of  King  &  Spalding  LLP.    He  was  appointed  on  the  roster  of  WTO  panelists  and  as  

arbitrator  under  FTAs  and  the  Energy  Charter  Treaty.  Joost  is  a  Member  of  the  ICSID  Panel  of  Conciliators.  He  received   degrees   from   the   Universities   of   Namur   and   Leuven   as   well   as   Oxford   University   and   the  University  of  Neuchâtel.    

 Ariel  Martins  

Ariel  Martins  is  a  career  diplomat  at  the  Ministry  of  Foreign  Affairs  of  Argentina.  He  holds  a  Masters   in  Public   International   Law   from   the  Graduate   Institute  of  International  Studies  of  Geneva,  a  Masters   in  Corporate  Law  from  Universidad  Austral   and   a   Master   in   International   Relations   from   FLACSO.   From   2004   to  2011,   he  was  member   of   the  Argentine  Arbitration   Team  at   the  Office   of   the  Attorney   General   and   participated   as   counsel   for   Argentina   in   more   than   20  investment   arbitration   cases   before   ICSID,   ICC,   and   under   the   applicability   of  the  UNCITRAL  Arbitration  Rules.  Since  2016,  he   is   the  Head  of   the   Investment  Treaty  Negotiation  Unit   at   the   Secretariat  of   Economic   International  Relations  

at  the  Ministry  of  Foreign  Affairs  of  Argentina  which  is  responsible  for  the  negotiation  and  renegotiation  of  Investment   Agreements   for   Argentina.   Since   2014   he   is   delegate   of   Argentina   before   the   OECD´s  Investment  Committee,  before  the  Working  Group  II  (Arbitration  and  Conciliation)  of  UNCITRAL  and  before  UNCTAD´s  Annual  Conference  on  Investment  Treaties.  He  has  also  participated  on  behalf  of  Argentina  in  a  large   number   of   international   meetings,   forums   and   group   of   experts   specialized   in   international  investment  law  and  investment  arbitration.    

 

 

Naushad  Forbes  

Naushad  Forbes  is  the  Co  -­‐  Chairman  of  Forbes  Marshall,  India's  leading  Steam  Engineering  and  Control  Instrumentation  firm.  He  chairs  the  Steam  Engineering  Companies  within  the  group.  Naushad  was  a  Lecturer  and  Consulting  Professor  at   Stanford   University   from   1987   to   2004   where   he   developed   courses   on  Technology   in   Newly   Industrializing   Countries.   He   received   his   Bachelors,  Masters  and  PhD  Degrees  from  Stanford  University.  Naushad  is  on  the  Board  of  several   educational   institutions   and   public   companies.   Naushad   is   an   active  member  of  CII  and  has  chaired  the  National  Committees  on  Higher  Education,  Innovation,   Technology   and   International   Business.  Dr  Naushad   Forbes   is   the  immediate  past  President  of  CII.  

   

About  the  Centre  for  International  Governance  Innovation  The  Centre  for  International  Governance  Innovation  (CIGI)  is  an  independent,  non-­‐partisan  think  tank  on  international  governance.  Led  by  experienced  practitioners  and  distinguished  academics,  CIGI  supports  research,   forms   networks,   advances   policy   debate   and   generates   ideas   for   multilateral   governance  improvements.  

Conducting  an  active  agenda  of  research,  events  and  publications,  CIGI’s  interdisciplinary  work  includes  collaboration  with  policy,  business  and  academic  communities  around  the  world.  CIGI’s  current  research  programs  focus  on  three  themes:  the  global  economy,  global  security  &  politics,  and  international  law.  

CIGI   was   founded   in   2001   by   Jim   Balsillie,   then   co-­‐CEO   of   Research   In   Motion   (BlackBerry),   and  collaborates  with  and  gratefully  acknowledges  support  from  a  number  of  strategic  partners,  in  particular  the   Government   of   Canada   and   the   Government   of   Ontario.   For   more   information,   please   visit  www.cigionline.org.  

 

 About  the  International  Law  Research  Program  

The   International   Law  Research  Program   (ILRP)   at   CIGI   is   an   integrated  multidisciplinary   research   and  teaching  program  that  provides  leading  academics,  government  and  private  sector  legal  experts,  as  well  as  students  from  Canada  and  abroad,  with  the  opportunity  to  contribute  to  advancements  in  international  law.  

The  ILRP  strives  to  be  the  world’s  leading  international  law  research  program,  with  recognized  impact  on  how  international  law  is  brought  to  bear  on  significant  global  issues.  The  program's  mission  is  to  connect  knowledge,  policy  and  practice  to  build  the  international  law  framework  -­‐  the  globalized  rule  of  law  -­‐  to  support  international  governance  of  the  future.  

The   program   focuses   on   the   areas   of   international   law   that   are  most   important   to   global   innovation,  prosperity   and   sustainability.   It   seeks   to   collaborate   with   faculty   and   postgraduate   students   from  universities  across  Ontario  and  beyond.